Sat.Jun 26, 2021 - Fri.Jul 02, 2021

On Funding?—?The Denominator Effect

Both Sides of the Table

On Funding?—?The The Denominator Effect I recently wrote a post about funding for investors to think about having a diversified portfolio , which I called “shots on goal.”

Is your CFO a bookkeeper or a strategist?

Berkonomics

Here’s one that most small company founders and CEO’s miss until it may be too late. What is the role of a chief financial officer in growing and protecting the company? How about co-strategist?

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Canoo Plans Assembly Plant in Oklahoma

L.A. Business Journal

Torrance-based electric vehicle manufacturer Canoo Inc. plans to open an assembly plant in Oklahoma by 2023

8 Personal Attributes Mitigate Startup Funding Risks

Startup Professionals Musings

In the eyes of investors like me, to be an entrepreneur, it’s not enough to create an innovative solution – you need to convince me that you can build a profitable business.

Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

On Funding?—?Shots on Goal

Both Sides of the Table

On Funding?—?Shots

MyLife Links With Travel + Leisure On Travel App

socalTECH

Los Angeles-based MyLife, which operates a personal mindfulness and emotional wellness app for kids and adults, has linked with Travel + Leisure. According to the two, they will launch a new "mindfulness series" on the MyLife App called "Travel + Leisure's Mindful Travel Collection".

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More Trending

7 Ways Of Using An Immigrant Culture In Your Business

Startup Professionals Musings

As a long-time advisor to new entrepreneurs here in the USA, I’ve long been impressed with the number that come here from other countries, and the positive traits that most of these seem to bring with them.

Shopify Reveals Generous New Scheme for App Developers

Tech.Co

Shopify has announced a new scheme for all of its App Store developers. Developers will not pay any commission on the first $1 million that they make in a given year. This scheme starts on August 1st of 2021.

Phase Four Launches Another Satellite Thruster Into Space

socalTECH

El Segundo-based Phase Four, which is developing thrusters for satellite propulsion, says it has launched one of its Maxwell engines into space. According to the startup, the engine was launched onboard a Capella Space SAR satellite which went into space on June 30th on a SpaceX launch. The company says the engine is its fourth delivered to space. The company is developing more efficient propulsion means for satellite positioning, using radio frequency (plasma) propulsion.

Tetra Tech Lands $37 Million Contract

L.A. Business Journal

Tetra Tech has been awarded a $37 million contract from the U.S. Agency for International Development

7 Ways To Raise Your Visibility As A Business Leader

Startup Professionals Musings

By definition, all of you entrepreneurs are leaders, by taking the initiative to start a new company. Yet I have learned over the years as a startup advisor that all business leaders are not the same.

Coach 74

Tech Startup Culture May Have Changed For Good

Tech.Co

You know what a startup is, right? Or at least you have an idea of what a startup is like to work in? Long hours in co-working offices with CEOs fresh from university with big ideas and a lot of vague, nebulous chat about platforms.

Coach 100

Richard Branson Attempts To Beat Bezos Into Space

socalTECH

Richard Branson, the founder of space tourism company Virgin Galactic--which was started in Mojave--is planning to launch himself into space, just nine days before Amazon's Jeff Bezos. According to Virgin Galactic, Branson hopes to fly into space this month on the next test flight of Virgin Galactic's spaceship. Virgin Galactic said Branson will be one of six people on board the launch from New Mexico, currently aimed at happening on July 11th.

Tapcart Raises $50 Million for Ecommerce App Tool

L.A. Business Journal

Santa Monica-based ecommerce company Tapcart Inc. raised $50 million in Series B funding for its platform that allows brands to launch mobile apps

6 New Venture Realities To Target Your Funding Effort

Startup Professionals Musings

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”).

Plug and Play Downtown Los Angeles Launch

SoCal Tech Calendar

Tuesday, June 29, 2021 -- Plug and Play Downtown Los Angeles Launch. Plug and Play has partnered with the LA Area Chamber, Alliance for SoCal Innovation and Downtown Center Business Improvement District to turn Downtown LA into the next urban innovation hub. Plug and Play will be opening their Los Angeles location at the TENTEN Wilshire building which innovated on the live, work, play all-in-one-place lifestyle.

Clearlake's nThrive Names New CEO, CFO

socalTECH

nThrive, the healthcare revenue cycle management software developer which is owned by Santa Monica-based private equity investor Clearlake Capital, has both a new CEO and CFO, the companies said today. nThrive said it has named Hemant Goel as Ceo, and James Evans as CFO of the newly acquired company. Clearlake made an investment and carved out nThrive earlier this year. Goel was most recently CEO of Capsule Technologies, and also had served at Spok and Siemens Health Services.

Meeting Software Company Oblong Raises $12 Million

L.A. Business Journal

Remote meeting technology developer Oblong has raised $12 million in a direct offering with institutional investors

9 Key Issues That Can Support Your Breakthrough Ideas

Startup Professionals Musings

The entrepreneurs I see are always talking about “disruptive innovation” ideas, but the plans I read are more often linear extensions of a current hot offering, like one more social network with the best of Facebook and Twitter, one more dating site dimension, or another “must-have” accessory for smartphones.

Ideas 70

The New Style of Startup Vision: Smaller But Sharper?

Tech.Co

Startup tech businesses used to land on the scene with big ideas about how their tech could change the world. Facebook, for example, decided in 2008 that its mission was to “help you connect and share with the people in your life.”

Ideas 95

Accel Robotics Claims Successful Deployment In San Diego

socalTECH

San Diego-based Accel Robotics, which develops automated checkout systems designed for retail stores, claims it is seeing growth and success at its first rollout of "Valet Market", an automated store its has deployed ata a luxury, San Diego apartment building. The company--which opened the store on Jun 11th--says that so far over two thirds of the building's 679 units have downloaded its apps, and about one third of all of its transactions being done by deliveries to residents' door.

Tripp Raises $11 Million for Psychedelic Wellness Platform

L.A. Business Journal

Tripp Inc., a virtual reality wellness startup, has raised $11 million in a Series A funding round

4 Reasons to Use a Local Managed Network Services Provider

Southern California Edison Blog

Enterprises trying to manage their own network often face challenges related to unreliable service, a lack of in-house expertise, and time-consuming maintenance.

Silicon Beach 2021 Special Report

L.A. Business Journal

After thriving during the pandemic, tech companies are poised for continued success. The Business Journal looks at where they go from here

Tech Companies Pave the Way for Post-Pandemic Workplaces

L.A. Business Journal

Of all the industries in Los Angeles, the tech sector was among the quickest to adapt to the pandemic

Location Marketing Company MomentFeed Is Acquired by Uberall

L.A. Business Journal

Palms-based location marketing software company MomentFeed Inc. has been acquired by Berlin-based software company Uberall, the companies announced June 15

Emile Learning Brings Virtual Platform to Gen Z Students

L.A. Business Journal

Michael Vilardo, Jonathan Quiros and Felix Ruano felt Zoom school wasn’t up to par with the needs of the 15 million-plus high school students in the United States. So, the trio created Emile Learning Inc., a virtual learning platform that Quiros calls a “master class for high school education

FightCamp Lands $90M Round

socalTECH

Los Angeles-based FightCamp, which develops an interactive, at-home training system for boxing and kickboxing, said on Wednesday that it has raised $90 in a venture capital funding round. The funding was led by NEA and Connect Ventures, and also included angel investors like Iikka Paananen (Supercell), Fritz Lanman (ClassPass), Usher, and Katheryn Winnick, as well as boxers Mike Tyson, Floyd Mayweather, Georges St-Pierre, and Francis Ngannou.

ServiceTitan Acquires Aspire, Raises $200M More

socalTECH

Los Angeles-based ServiceTitan, which provides software used by contractors and the trades to manage their business, has acquired another company, Aspire Software, which develops software for the commercial landscaping business. Financial details of the acquisition were not announced. Aspire Software is based in St. Louis, Missouri. According to ServiceTitan, the acquisition came alongside a new, $200M investment from private equity investor Thoma Bravo.

Equity 109

Quizizz Connects With $31.5M

socalTECH

Santa Monica-based Quizizz, a developer of software which gamifies teaching with quizzes and interactive lessons, said on Wednesday that it has raised $31.5M in its Series B funding round. The funding was led by Tiger Global Management, and also included Nexus Venture Partners, GSV Ventures, Eight Roads Ventures, plus Yahoo co-founder Jerry Yang. According to Quizziz, its product is now being used in over 120 countries, and at more than 80 percent of U.S. K-12 schools.

Yahoo 109

DCN Dx Buys IVD Vision

socalTECH

Carlsbad-based DCN Dx, which provides point-of-care diagnostics development, products, and educational programming, said this morning that it has acquired IVD Vision, a developer of custom instruments and software for diagnostics systems. Financial details of the acquisition were not announced. DCN Dx said the deal will expand its point-of-care diagnostics development services capabilities and product portfolio.

Kadenwood Gets $50M For CBD Wellness Brands

socalTECH

Newport Beach-based Kadenwood, a company which owns a number of CBD health and wellness brands, says it has raised $50M in its Series B fundraising. The company said the funding was a combination of cash and "media value". The funding came from The Craftory and Arcadian Capital Management, along with others. The company said those news funds will go to "normalize CBD" in health and wellness products, via scaling, strategic partners, and acquisitions.

News 109

Givingli Picks Up $4M For Virtual Gifting

socalTECH

Los Angeles-based Givingli, a developer of a gifting app, said Tuesday afternoon that it has raised $4M in its seed funding round. The company has now raised $5M in total. The funding was led by Alexis Ohanian's Seven Seven Six, Snap's Yellow Accelerator and angel investor Harry Hurs (Co-CEO and Co-Founder, of Pipe). Givingli was founded by husband and wife Nicole Emrani Green (CEO & Co-Founder) and Ben Green (COO & Co-Founder).

inVia Robotics Links With Channel Partners

socalTECH

Westlake Village-based warehouse robotics developer inVia Robotics says it has signed agreements with more than 10 companies who are providing technology solutions in warehouses, creating its own channel partner network. According to the company, the move will supplement its direct selling initiatives. New partners of the company include Argon Consulting, Atlantic Packaging, Conveyor Logistics, Innovation-Matrix, Midland Packaging, Pregis, Ryuu, STG Chile, and Storage Solutions Inc, among others.

Retina Finds $8M

socalTECH

Los Angeles-based Retina, a startup that is using artificial intelligence for predicting customer lifetime value, said on Tuesday tht it has raised $8M in a Series A funding round. The funding came from Alpha Intelligence Capital and Vertical Venture Partners. As part of the funding, Udah Sandhu, General Partner at AI Capital Partners, joins the company's board with the funding. According to Retina, it will use the funding for growth, hiring, and to expand the capabilities of its platform.

FutureProof Gets $3M For Climate Risk Management

socalTECH

San Diego-based fintech startup FutureProof, a new startup whic says it is developing financial technology to enable asset managers, banks, and insurance-sector institutions to quantify and manage the financial impacts of climate change, has raised $3M in a funding round. The funding was led by Innovation Endeavors, and also included MS&AD Ventures and Blackhorn Ventures. The company says it has also partnered with Tishman Speyer and Equilibrium Capital as part of the funding effort.